MNTN (NYSE:MNTN) Coverage Initiated by Analysts at Citizens Jmp

Citizens Jmp started coverage on shares of MNTN (NYSE:MNTN) in a research report report published on Monday morning, MarketBeat.com reports. The firm issued a mkt outperform rating and a $23.00 price objective on the stock.

A number of other brokerages have also recently commented on MNTN. Citigroup assumed coverage on shares of MNTN in a report on Monday. They issued a “neutral” rating and a $22.00 target price for the company. Wall Street Zen raised MNTN to a “hold” rating in a research report on Monday, June 2nd. Finally, Needham & Company LLC began coverage on MNTN in a research note on Monday. They set a “buy” rating and a $25.00 price target for the company. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $26.56.

MNTN Stock Performance

MNTN stock opened at $22.70 on Monday. MNTN has a 12 month low of $11.00 and a 12 month high of $32.49.

Insider Activity

In other news, CEO Mark Steven Douglas sold 900,000 shares of MNTN stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $16.00, for a total transaction of $14,400,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Patrick Pohlen sold 255,232 shares of the business’s stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $16.00, for a total value of $4,083,712.00. Following the sale, the chief financial officer now directly owns 1,319,489 shares in the company, valued at $21,111,824. This trade represents a 16.21% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,955,232 shares of company stock valued at $31,283,712 in the last three months. 60.30% of the stock is currently owned by company insiders.

MNTN Company Profile

MNTN is on a mission to transform Connected TV (“CTV”) into a next-generation performance marketing channel. Our revolutionary Performance TV (“PTV”) software platform allows marketers to combine the powerful storytelling format of TV advertising with the targeting, measurement and attribution capabilities of paid search and social advertising.